The idea that comparing Clinton's two terms and Bush's one term is apples to apples is a fallacy.
First, Clinton had a massive peace dividend to expend. Second, Clinton had the good fortune of serving during the largest economic expansion in the history of the U.S. Third, it was Keynes, the champion economist of the liberals, who recommended deficit spending during an economic slowdown, which kind of puts the kabosh on the left's faux outrage at deficit spending. Fourth, deficits didn't matter before, they don't matter now. Fifth, every president spends oodles during their first term in order to garner support so that they can win a second term. Sixth, the fact that Bush has failed to exemplify traditional conservative small government values is not a viable reason to vote for Kerry who espouse big government values.